Exp World (NASDAQ:AGNT) Receives “Neutral” Rating from DA Davidson

Exp World (NASDAQ:AGNT)‘s stock had its “neutral” rating reiterated by research analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $6.50 target price on the technology company’s stock, down from their prior target price of $10.25. DA Davidson’s price objective indicates a potential upside of 14.24% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Benchmark started coverage on Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective for the company. Zelman & Associates began coverage on Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.42.

Exp World Price Performance

AGNT stock opened at $5.69 on Thursday. Exp World has a 1 year low of $4.50 and a 1 year high of $12.23. The firm has a 50-day moving average of $5.31 and a 200 day moving average of $6.93. The company has a market cap of $934.98 million, a P/E ratio of -56.89 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. On average, equities research analysts expect that Exp World will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Exp World

Large investors have recently made changes to their positions in the stock. Commonwealth Financial Services LLC bought a new stake in Exp World in the 1st quarter worth approximately $111,000. SEB Asset Management AB purchased a new stake in Exp World during the first quarter valued at $587,000. Illinois Municipal Retirement Fund increased its position in Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,872 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Exp World by 2,697.1% in the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after acquiring an additional 20,687 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in Exp World in the first quarter worth about $241,000. 27.17% of the stock is currently owned by institutional investors.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.